Latest Personal finance News
Kate Ashford: Retirement could come sooner than you think — how to plan for it
NEW YORK (AP) — American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute, or EBRI. But the actual median age for retirement is 62, the survey found. That may not seem like a big gap, but if you retire three...
5 questions to ask when helping an older parent with money
Conversations about money often require sensitivity and patience, especially when the person across the table is an older parent. Some of us won’t need — or want — to get involved in someone else’s finances. But others may have to take an active role in helping an older...
Millennial Money: Is financial trauma holding you back from living your best life?
Whether it’s going to bed before midnight, eating broccoli, or dealing with your finances, doing the “right” thing can sometimes feel like a herculean effort. Similar to an erratic sleep schedule or an aversion to eating green things, there are consequences to delaying wise...
Kimberly Palmer: What college students need to know about payment apps
For college students, sending money to friends has never been easier thanks to peer-to-peer payment apps like Venmo, PayPal and Cash App. But that convenience poses risks, including vulnerability to errors, fraud and the tendency to overspend. As a result, payment apps can contribute...
Millennial Money: Why adding a child as an authorized user might not help their credit
As parents, we want the best for our children: health, happiness — and hardy credit. Having a strong credit profile can determine whether your kid gets approved for a loan or how much they’ll pay for car insurance when they’re grown. But establishing credit for someone with no credit history...
Millennial Money: Installment plans for rent divide up payments, but drive up costs
In January, I received an email from my apartment complex saying that I could now divide my monthly rent into two payments via a product called Flex. I would make the first payment on the first of the month, but I could choose when to make the second payment. According to the email,...
Millennial Money: 5 financial mistakes to avoid when you are self-employed
When you become self-employed, you join millions of other business owners hoping to materialize their dreams. However, navigating the murky waters of self-employment can be challenging, especially during the early stages. While there are no guarantees in business, there are some...
Millennial Money: Managing credit cards when you grew up in a cash-only household
As you’re growing up, you learn about money from the people who raise you. Their lessons are based on their life experiences, which means there’s likely some bias built in. That’s not necessarily a bad thing — you may have a savvy aunt who taught herself to manage her own...
Kimberly Palmer: Fighting over money? Ways to seek common ground with your partner
Figuring out how to manage money together might be an important part of a happy relationship, but it’s a skill that doesn’t always come naturally. “When there’s conflict or discord, it’s usually not about the money itself, but related to the meaning each person is attaching...
Millennial Money: It’s time to change your investment strategy
The passage of time feels like it creeps, then pounces: Suddenly, party conversation focuses on real estate, how we’re going to bed earlier and our realization that we have no idea what type of jeans to wear. For years, millennials have been the butt of financial jokes: “They spend all their...
